Accelerated Acquisition XVII 10-K/A 27 Aug 14 2012 FY Annual report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Sep. 30, 2013	Dec. 30, 2013
Document And Entity Information	'	'
Entity Registrant Name	'Accelerated Acquisition XVII, Inc.	'
Entity Central Index Key	'0001534629	'
Document Type	'10-K	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--09-30	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Public Float	'	$0
Entity Common Stock, Shares Outstanding	'	5,000,000
Document Fiscal Period Focus	'FY	'
Document Fiscal Year Focus	'2012	'

Balance_Sheets

Balance Sheets (USD $)	Sep. 30, 2013	Sep. 30, 2012
CURRENT ASSETS:	'	'
Cash	'	$56
TOTAL ASSETS	0	56
STOCKHOLDER'S EQUITY:	'	'
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; none issued or outstanding	'	'
Common stock, $0.0001 par value; 100,000,000 shares authorized; 5,000,000 shares issued and outstanding at September 30, 2013 and September 30, 2012	500	500
Additional paid-in capital	8,865	2,325
Accumulated Deficit	-9,365	-2,769
TOTAL SHAREHOLDERS' EQUITY	$0	$56

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Stockholders Equity	'	'
Preferred Stock par value	$0.00	$0.00
Preferred Stock Authorized	10,000,000	10,000,000
Preferred Stock Issued	0	0
Preferred Stock Outstanding	0	0
Common Stock par value	$0.00	$0.00
Common Stock Authorized	100,000,000	100,000,000
Common Stock Issued	5,000,000	5,000,000
Common Stock Outstanding	5,000,000	5,000,000

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended		23 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Income Statement [Abstract]	'	'	'
Revenues	'	'	'
Operating Expenses	'	'	'
General and administrative	6,596	2,769	9,365
Operating loss	6,596	2,769	9,365
Net loss	($6,596)	($2,769)	($9,365)
Basic earnings (loss) per share - Basic and Diluted	$0	$0	'
Weighted average number of common shares outstanding	5,000,000	5,000,000	'

Statement_of_Stockholders_Equi

Statement of Stockholder's Equity (USD $)	Common Stock	Additional Paid-In Capital	Deficit	Total
Beginning Balance, Amount at Oct. 20, 2011	'	'	'	'
Issuance of common stock - Founders for cash, Shares	5,000,000	'	'	'
Issuance of common stock - Founders for cash, value	$500	$1,500	'	$2,000
Forgiven shareholder advance	'	825	'	825
Net Loss	'	'	-2,769	-2,769
Ending Balance, Amount at Sep. 30, 2012	500	2,325	-2,769	56
Ending Balance, Shares at Sep. 30, 2012	5,000,000	'	'	'
Forgiven shareholder advance	'	6,540	'	6,540
Net Loss	'	'	-6,596	-6,596
Ending Balance, Amount at Sep. 30, 2013	$500	$8,865	($9,365)	$0
Ending Balance, Shares at Sep. 30, 2013	5,000,000	'	'	'

Statement_of_Stockholders_Equi1

Statement of Stockholder's Equity (Parenthetical) (USD $)	Sep. 30, 2013	Sep. 30, 2012	Jul. 23, 2012
Statement of Stockholders' Equity [Abstract]	'	'	'
Par value of stock issued	$0.00	$0.00	$0.00

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended		23 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss	($6,596)	($2,769)	($9,365)
Net Cash used in operations	-6,596	-2,769	-9,365
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from the issuance of common stock	'	2,000	2,000
Shareholder Advances	6,540	825	7,365
Net cash provided by financing activities	6,540	2,825	9,365
Net increase (decrease) in cash	-56	56	'
Cash at beginning of period	56	'	'
Cash at end of period	'	$56	'

ORGANIZATION_AND_SUMMARY_OF_SI

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 1	-	ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
	(a)	Organization and Business:
	Accelerated Acquisitions XVII, Inc. (“the Company”) was incorporated in the state of Delaware on October 21, 2011 for the purpose of raising capital that is intended to be used in connection with its business plan which may include a possible merger, acquisition or other business combination with an operating business.
	The Company is currently in the development stage. All activities of the Company to date relate to its organization, initial funding and share issuances.
	(b)	Basis of Presentation:
	The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles ("U.S. GAAP").
	(c)	Use of Estimates:
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	(d)	Development Stage
	The Company has been in the development stage since its formation on October 21, 2011.  It has primarily engaged in raising capital to carry out its business plan, as described above. The Company expects to continue to incur significant operating losses and to generate negative cash flow from operating activities while it develops its operating plan.  The Company's ability to eliminate operating losses and to generate positive cash flows in the future will depend upon a variety of factors, many of which it is unable to control.  If the Company is unable to implement its business plan successfully, it may not be able to eliminate operating losses, generate positive cash flow, or achieve or sustain profitability, which would materially adversely affect its business, operations, and financial results, as well as its ability to make payments on any obligations it may incur.
	(e)	Cash and Cash Equivalents
	For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.  The Company had no cash and $56 cash at September 30, 2013 and 2012, respectively.
	(f)	Loss Per Common Share
	Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period.  The Company has incurred a loss during the current period; therefore any potentially dilutive shares are excluded, as they would be anti-dilutive. The Company does not have any potentially dilutive instruments for this reporting period.
	(g)	Fair Value of Financial Instruments
	The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:
	•  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
	•  Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
	•  Level 3 inputs are unobservable inputs for the asset or liability.
	The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments.

GOING_CONCERN

GOING CONCERN	12 Months Ended
	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
GOING CONCERN	'
	NOTE 2	-	GOING CONCERN
	The accompanying financial statements have been prepared on a going concern basis, which assumes the Company will realize its assets and discharge its liabilities in the normal course of business. As reflected in the accompanying financial statements, the Company had a deficit accumulated during the development stage and had no working capital at September 30, 2013. The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. The Company’s ability to continue as a going concern is also dependent on its ability to find a suitable target company and enter into a possible reverse merger with such company. Management’s plan includes obtaining additional funds by equity financing through a reverse merger transaction and/or related party advances; however there is no assurance of additional funding being available. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might arise as a result of this uncertainty.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	NOTE 3	-	RELATED PARTY TRANSACTIONS
	At inception, the Company issued 5,000,000 shares of restricted common stock to the majority shareholder for initial funding, in the amount of $2,000.
	The Company does not have employment contracts with its sole offer and director, who is the majority shareholder.
	The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in additional business opportunities that become available.  A conflict may arise in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.
	We depend on our sole officer and director, to provide the Company with the necessary funds to implement our business plan, as necessary.  The Company does not have a funding commitment or any written agreement for our future required cash needs.
	The Company does not own or lease property or lease office space. The office space used by the Company was arranged by the sole officer and director of the Company to use at no charge.
	The above amount is not necessarily indicative of the amount that would have been incurred had a comparable transaction been entered into with independent parties.
	Accelerated Venture Partners, LLC, the only shareholder of the Company, paid $6,540 operating expenses on behalf of the Company and re-invoice the full amount of expenses to the Company for the period ended September 30, 2013.
	Accelerated Venture Partners, LLC, advances $6,540 to the Company and forgive the full amount during the period ended September 30, 2013.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'
	NOTE 4	-	INCOME TAXES
	The Company has incurred net operating losses of $9,365 since inception. The Company has not reflected any benefit of such net operating loss carry forward in the financial statements.
	In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income.
	Based on the level of historical taxable losses and projections of future taxable income (losses) over the periods in which the deferred tax assets can be realized, management currently believes that it is more likely than not that the Company will not realize the benefits of these deductible differences. Accordingly, the Company has provided a valuation allowance against the gross deferred tax assets.
	As of September 30, 2013, the Company had a net operating loss carryforward of approximately $9,365, which will begin to expire in the tax year 2028.
	Federal tax laws impose significant restrictions on the utilization of net operating loss carryforwards and research and development credits in the event of a change in ownership of the Company, as defined by the Internal Revenue Code Section 382. The Company’s net operating loss carryforwards and research and development credits may be subject to the above limitations.
	The relevant FASB standard resulted in no adjustments to the Company’s liability for unrecognized tax benefits. As of the date of adoption and as of September 30, 2013 there were no unrecognizable tax benefits. Accordingly, a tabular reconciliation from beginning to ending periods is not provided. The Company will classify any future interest and penalties as a component of income tax expense if incurred. To date, there have been no interest or penalties charged or accrued in relation to unrecognized tax benefits.  The Company is subject to federal and state examinations for the year 2011 forward. There are no tax examinations currently in progress.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	12 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	NOTE 5	-	RECENT ACCOUNTING PRONOUNCEMENTS
	Adopted
	In May 2011, the FASB issued ASU 2011-04, “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (IFRS) of Fair Value Measurement – Topic 820.”  ASU 2011-04 is intended to provide a consistent definition of fair value and improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with U.S. GAAP and IFRS.  The amendments include those that clarify the FASB’s intent about the application of existing fair value measurement and disclosure requirements, as well as those that change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements.  This update is effective for annual and interim periods beginning after December 15, 2011. The adoption of this ASU did not have a material impact on our financial statements.
	Not Adopted
	In December 2011, the FASB issued ASU No. 2011-11: Balance Sheet (topic 210):  Disclosures about Offsetting Assets and Liabilities, which requires new disclosure requirements mandating that entities disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement.  In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar arrangements.  This ASU is effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods.  Entities should provide the disclosures required retrospectively for all comparative periods presented.  We are currently evaluating the impact of adopting ASU 2011-11 on the financial statements.
	The FASB issued Accounting Standards Update (ASU) No. 2012-02—Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment, on July 27, 2012, to simplify the testing for a drop in value of intangible assets such as trademarks, patents, and distribution rights. The amended standard reduces the cost of accounting for indefinite-lived intangible assets, especially in cases where the likelihood of impairment is low. The changes permit businesses and other organizations to first use subjective criteria to determine if an intangible asset has lost value. The amendments to U.S. GAAP will be effective for fiscal years starting after September 15, 2012. Early adoption is permitted. The adoption of this ASU will not have a material impact on our financial statements.
	Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

ORGANIZATION_AND_SUMMARY_OF_SI1

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
(a) Organization and Business	'
	(a)	Organization and Business:
	Accelerated Acquisitions XVII, Inc. (“the Company”) was incorporated in the state of Delaware on October 21, 2011 for the purpose of raising capital that is intended to be used in connection with its business plan which may include a possible merger, acquisition or other business combination with an operating business.
	The Company is currently in the development stage. All activities of the Company to date relate to its organization, initial funding and share issuances.
(b) Basis of Presentation	'
	(b)	Basis of Presentation:
	The accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles ("U.S. GAAP").
(c) Use of Estimates:	'
	(c)	Use of Estimates:
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
(e) Cash and Cash Equivalents	'
	(e)	Cash and Cash Equivalents
	For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.  The Company had no cash and $56 c(e) ash at September 30, 2013 and 2012, respectively.
(f) Loss Per Common Share	'
	(f)	Loss Per Common Share
	Basic loss per share is calculated using the weighted-average number of common shares outstanding during each reporting period. Diluted per share includes potentially dilutive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period.  The Company has incurred a loss during the current period; therefore any potentially dilutive shares are excluded, as they would be anti-dilutive. The Company does not have any potentially dilutive instruments for this reporting period.
(g) Fair Value of Financial Instruments	'
	(g)	Fair Value of Financial Instruments
	The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:
	•  Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.
	•  Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
	•  Level 3 inputs are unobservable inputs for the asset or liability.
	The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments.